RTA Application Things Demanded and Question to Reserve Bank of India :

On 7th of October 2011 Reserve Bank of India have Answers a RIA -
1021/2011-12 it was filed on 24th of August 2011 .

With RTA Application Things Demanded and Question to Reserve Bank of India :
-

*Question 1*.  Please Provide the Copy of Cercullar which was Send to All
Banks on 23 May 2011 Regarding Speak Asia Online .
*RBI Answer 1* : We Can not Provide as it is Secreat Document which can not
Be asked From RTA .

*Question 2 *: On Which Date RBI have Stoped Payments of Speak Asia Online
Pte. Ltd.
*RBI Answer 2* : We ( Reserve Bank Of India ) Never Closed Any Bank Accounts
of Speak Asia in India .
( This was Shocking News to All the Speak Asians as From Speak Asia was
Saying that Their accounts was Freezed By Reserver Bank of India Even in Speak
Asia Controversy<http://speakasia-controversy.blogspot.com/2011/09/speakasia-controversy.html>Blog
it was written that :

*M/s United Overseas Bank, Singapore, on 27th May, 2011 probably due to the
cautionary circular
sent out by the RBI vide circular No. DBS.CO.PPD No.16237/11.01.005/2010-11
dated 23rd May, 2011.*
*SAOL* has been approaching the RBI and various other appropriate agencies
to seek permission for
establishing their permanent establishment  and for restarting the
operations and restarting the payments to their panelists (us).

*Question 3 : **The court case 1365/2011 at Hon. Mumbai High Court was
disposed off asking RBI to give time to SpeakAsia to listen and understand
their business model. Was the time granted for the meeting? If yes, than
please provide a copy of the letter issued in this regard. If no, than why?*
*RBI Answer 3* : According to a News of *14th July 2011* Mumbai High Court
DISPOSE Case on Speak Asia
Online<http://speak-asia-fraud.blogspot.com/2011/07/mumbai-high-court-dispose-case-on-speak.html>in
this case a order was Passed by Court Bombay
High Court SpeakAsia Petition
1365-2011<http://speak-asia-fraud.blogspot.com/2011/07/bombay-high-court-speakasia-petition.html>

RBI cleared that on *19th September 2011* we have in Metting with Some
Lawerys Appointed By Speak Asia Company in that they try to understand the
Business Model of Speak Asia Online .

*These Lawerys Said Please Don't Understand Speak Asia Online as MLM* . On
this RBI said Follow the Guidliness of FEMA .

*According to Fema guidelines .. Speak Asia Company Survey System and Giving
11,000 and Take Rs.52,000 was Not allowed in India . *
*More Over Speak Asia Company Can Only Sell the Products to those have PAN
account Number and All the Reward Points have only Valued When Company
Starts From a New Way. *

*WHY SPEAK ASIA CLOSED HIS BANK ACCOUNTS HAVING MONEY EARNED BY SPEAK ASIANS
DOING SURVEY AND WHY SPEAK ASIA LIE TO THE PANNELISTS ? *

*From a Long Time Speak Asia Management and AISPA is Saying Company want to
pay to Pannelists but RBI have closed the Accounts it Means Speak Asia
Management and AISPA are Lying to Speak Asians ? *


This News was Shared on Speak Asia
News<http://speak-asia-fraud.blogspot.com/>By a Speak Asia Panelist
Named  Swapnil Kumar
We ( Speak-Asia-fraud.blogspot.com <http://speak-asia-fraud.blogspot.com/> )
have check the Crediblity and Accuracy of the News By Finding the person who
enquried this Information From RBI with his RTI submited of 24 August 2011.

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